Current Weather
The Spy FM

Home Prices Tick Up, Housing Market Recovery May Be Strengthening

Filed by KOSU News in US News.
June 26, 2012

Home prices rose in nearly all major U.S. cities in April from March, according to the latest S&P/Case-Shiller Home Price Indices report.

“It has been a long time since we enjoyed such broad-based gains,” David Blitzer, chairman of S&P Indices’ index committee, says in that report. “While one month does not make a trend … [the news] is a good sign.”

According to the data:

– Detroit was the only one of 20 major metropolitan areas to see home prices fall in April. They dropped 3.6 percent in the Motor City from the month before.

– The largest increase for the month was San Francisco’s 3.4 percent.

– In Phoenix, where the housing sector was hit particularly hard when the real estate bubble burst, prices were up 8.6 percent from April 2011.

– The indices’ 10-city and 20-city composite indexes were both up 1.3 percent in April from March. But, both of those broad measures were still down from a year earlier — the 10-city composite by 2.2 percent and the 20-city composite by 1.9 percent. Bloomberg News notes, however, that the 20-city index’s decline from a year earlier is the smallest such year-over-year drop since November 2010.

Reuters points out that the month-to-month increase in the broader measures of home prices is the third such gain in a row, “suggesting the recovery in the housing market is gaining traction.” [Copyright 2012 National Public Radio]

Leave a Reply

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

Listen Live Now!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

11AM to 12PM The Story

The Story

The Story with Dick Gordon brings the news home through first-person accounts. The live weekday program is passionate, personal, immediate and relevant to listeners, focusing on the news where it changes our lives, causes us to stop and rethink, inspires us.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center